My employer just announced that we will have a SIMPLE IRA plan available in January this year. They noted that a broker will be coming to discuss our investment options with each of us as well. I am not very familiar with SIMPLE IRAs, but from my understanding they are self-directed (e.g. I can buy a Vanguard fund if I want, I am not limited to employer-provided choices and the inevitable fees).

Does anyone know if I am right? I would prefer to use MMF I choose rather than what they will offer I am guessing.

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